In July FLEDC closed a loan to help finance the purchase by The Birkett Mills, one of the oldest mills in the United States, of grain cooling and storage equipment. The equipment financed by this loan will allow Birkett to cool and store organic grains, something that will support the expansion of the company’s production of the high quality buckwheat products that they have been making in downtown Penn Yan since 1797.
News about companies’ expansions or new properties or buildings
FLEDC continues to support local artists and the trade in local crafts through its loan funds, and in early May 2 new loans were approved.
Keuka Inspirations, was approved for a loan to expand its retail gift operations at its location on Route 54A between Keuka College and Branchport and also to open a shop at the Windmill. Keuka Inspirations has been owned and operated for over 13 years by Mike and Carol Steppe, longtime residents of the community. Stop by to check out their goods at either location!
Local artist Dan Mitchell started Staving Artist Woodwork a number of years ago with FLEDC support, and we are thrilled to support the opening of his new store at 109 Main Street in Penn Yan. At this location Dan will be exhibiting and selling his creative carvings made from used wine barrels. Please visit him as soon as he opens in late May or early June!
New Hotel Opens On The Shore of Keuka Lake
Hampton Inn opened its doors summer of 2016. It’s a four-story hotel with 72 rooms that includes meeting spaces, exercise room, lakefront patio bar and an indoor pool. The hotel provided around 25 new jobs within the community. It is locally owned, but operated under franchise license agreement with Hampton Inn, part of Hilton Worldwide.
In September Greenridge Generation announced that it has secured all required permits and regulatory approvals for the restart for the Greenbridge power plant in Dresden. With the reopening of the plant, Greenbridge has also gotten approval to construct the four-mile natural gas pipeline to fuel the formerly coal-fired plant. The plant is expected to reopen within the first couple months of 2017. Employment estimates for the construction jobs are 60 to 80, with permanent jobs numbering 11 full-time employees with an average salary at $60,000, a $660,000 annual payroll, and $9.9 million in salaries over the 15-year PILOT term. Reopening the powerplant is extremely great news for the Finger Lakes Region, especially Yates County. The plant will ultimately restore much-needed tax revenues, create jobs, stimulate the regional economy and produce critically-needed electricity for the region.
August 18, 2016 Keuka College opened its doors to its first new building in 40 years.Keuka Commons is now the new home of the bookstore, Health and Counseling center, Division of Business and Management; the Center for Professional Studies; the Wertman Office of Digital Education (WODE); the Center for Business Analytics & Health Informatics; and the Wolf Den Cafe.The Commons also provided three – state-of-the-art classroom spaces that include new technology, as well as 45 new faculty and staff offices, and three conference rooms.
Residents and officials alike gathered at Water Street Wine & Spirits for cocktails and hors d’oeuvres Wednesday, November 6th, before venturing over to the newly renovated upscale apartments next door. Hundreds turned out to see the tranformation along the Keuka Outlet, thanks to Birkett Landing developer Chris Iversen and local businessman Ray Spencer, owner of Water Street Wine & Spirits . Birkett Landing features 13 state-of-the-art apartments in the old Birkett Mills warehouses. Iversen maintained the 19th century structures’ history and integrity and the results were impresive.